Consumption of durables is more variable relative to trend than is consumption of nondurables and consumption of

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Consumption of durables is more variable relative to trend than is consumption of nondurables and consumption of nondurables is more variable relative to trend than is consumption of services. Speculate on why we observe these phenomena, and relate this to the key business cycle facts in Tables.

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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